Dive Brief: Spindrift is discontinuing production of Spindrift Spiked after four years to focus on innovating its core sparkling water platform, the company said on its website. The beverage maker said the alcoholic offering required “substantial resources and time” and…
Food News
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Key Takeaways: Despite ongoing consumer concerns about inflation, the meat departments of grocery stores showed resilience in 2024, as reported by FMI — The Food Industry Association in their recently released State of Fresh report. In 2024, meat sales saw…
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Discover the Latest Trend: Croiffles Move over cronuts, croiffles are now taking the bakery world by storm. These croissant waffle hybrids are the latest craze in the snacking scene, offering a healthier alternative to traditional baked goods. Recent Circana analytics…
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Summary: Insight: The price of cocoa has decreased due to favorable weather conditions, increased crop production, and high cocoa costs leading to decreased demand. Despite this, cocoa prices are expected to remain high and volatile due to factors like climate…
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Food News
Leftovers: Skittles brings the heat with spicy gummies | Siete Foods gets into kids’ meals
Leftovers: Sweet and Spicy Skittles, Latino-Inspired Kids’ Meals, and Tropical Cocktails Leftovers is our take on the latest product innovations making waves in the food industry. From sweet and spicy candies to Latino-inspired kids’ meals, here are some exciting ideas…
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Summary: Beyond Meat is facing challenges as it struggles with declining sales, leading to delays in bill payments. Data from Creditsafe shows that Beyond Meat’s days beyond terms (DBT) have more than doubled in the past year, reaching 19 days…
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Kendall Jenner’s 818 Tequila recently unveiled a new social media campaign and product launch aimed at capturing Gen Z’s love for “little treat culture” and merging fashion with functionality. This initiative coincides with the brand’s celebration of 818 Day on…
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JBS to Invest $100 Million in Iowa Facility for Bacon and Sausage Production JBS, a Brazil-based meat processor, has announced plans to spend $100 million to acquire and transform a facility in Ankeny, Iowa into its largest bacon and sausage…
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McCormick Expands Flavor Leadership in Mexico with $750 Million Investment Key Points: McCormick & Co. acquires majority ownership of joint venture in Mexico with $750 million investment. Company increases stake in McCormick de Mexico to 75% by purchasing additional 25%…
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Key Takeaways: Conagra Brands is set to boost investments in its supply chain to enhance resiliency, with approximately $450 million allocated for capital expenditures in fiscal year 2026, as disclosed in a July 10 earnings call presentation. The company faced…